In July 2021, Japan's wholesale prices increased by 3.0% year-on-year due to a weak yen and high commodity import costs.

In July 2021, Japan's wholesale prices increased by 3.0% year-on-year, driven by a weak yen and high commodity import costs. The Corporate Goods Price Index (CGPI) reached a record high for the eighth consecutive month, with the yen-based import price index climbing 10.8% in July from a year earlier. The Bank of Japan's interest rate hike in July signals its readiness to increase borrowing costs further amidst continued inflationary pressure.

August 13, 2024
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